I'm looking for a Buffett quote...

[Guest deepValue]

When talking about the Efficient Market Hypothesis, Buffett said something along the lines of 'it's a lot easier when your opponents have decided it's pointless to even try.' Does anyone know the exact quote?

[Parsad]

Here you go:

 

http://www.investeem.com/2012/01/does-price-reflect-value.html

 

Cheers!

[Evolveus]

This is not related to EMH, but in 2009 around the bottom of the market and peak pessimism, I remember Klarman being quoted as saying "It's a great time to be a Value Investor, the competition seems to have gone away."

[boilermaker75]

When talking about the Efficient Market Hypothesis, Buffett said something along the lines of 'it's a lot easier when your opponents have decided it's pointless to even try.' Does anyone know the exact quote?

 

You have probably seen Warren's article on the "The Superinvestors of Graham-and-Doddsville,' but if not enjoy,

 

http://www4.gsb.columbia.edu/null?&exclusive=filemgr.download&file_id=522

[Guest deepValue]

Here you go:

 

http://www.investeem.com/2012/01/does-price-reflect-value.html

 

Cheers!

 

Ah! Yes this is it. Thank you.

 

"In any sort of a contest - financial, mental, or physical - it’s an enormous advantage to have opponents who have been taught that it’s useless to even try."